Ball Corporation · BALL · FY2025 Q1 · Calendar Q2 2025

Ball reaffirms 2025 outlook as packaging demand remains firm

The call supports a constructive operating thesis: resilient aluminum-packaging demand, efficiency initiatives, and new capacity support growth, but tariff exposure and regional margin pressure remain important tests.

Reported Before market openNYSEConsumer Cyclical $15.30B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.69
EPS surprise — Reported versus consensus
Reported revenue — Consensus $2.90B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -0.3% Event window
SPY move -0.8% Same window
Abnormal move +0.5% Stock minus SPY
Volume 1.5× Versus trailing sessions
Subsequent drift +3.0% Up to 20 sessions
BALLSPY benchmark

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Transcript intelligence

What changed

The latest analysis adds a partnership for the aluminum cup business, advances Florida Can integration ahead of peak season, and records management’s view that the U.S. 232 tariff has had a negligible volume effect.

Guidance delta

Management reaffirmed its 11%–14% comparable EPS growth outlook for 2025; capex is expected to be about $600 million and slightly below depreciation and amortization.

Key takeaways

  • Management described strong Q1 execution, with EPS up 12% and shipments up 2.6% year over year.
  • Demand was strongest in energy drinks and non-alcoholic beverages, with Europe and South America showing mid-single-digit volume growth.
  • The company sees tariff effects as manageable while it integrates Florida Can capacity and expands its operating system.

Management priorities

  • Deliver the reaffirmed 2025 EPS-growth outlook.
  • Roll out the Ball Business System across plants over 18–24 months.
  • Integrate Florida Can capacity, maintain disciplined capex, and develop the aluminum cup partnership.

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Earnings History

Estimate Beat Miss Match
BALL EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $0.55 Q1 '24 actual $0.68, beat Q2 '24 estimate $0.70 Q2 '24 actual $0.74, beat Q3 '24 estimate $0.87 Q3 '24 actual $0.91, beat Q2 '25 estimate $0.87 Q2 '25 actual $0.90, beat Q3 '25 estimate $1.02 Q3 '25 actual $1.02, match Q4 '25 estimate $0.90 Q4 '25 actual $0.91, match Q1 '26 estimate $0.84 Q1 '26 actual $0.94, beat Q2 '26 estimate $0.99 Q2 '26 actual $1.03, beat Q3 '26 estimate $1.07 Q4 '26 estimate $1.02 Q1 '27 estimate $1.02
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Analyst Consensus ?

ConsensusBuy22 ratings
Bullish1777.3%
Neutral522.7%
Bearish00.0%

1 unmapped firm rating excluded from the percentages.

Analyst 52W Price Targets

$58.46Current
$48Low
$69.9Average
$83High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
UBS Neutral NeutralMaintainOct 5, 2026
JP Morgan Overweight NeutralUpgradeSep 18, 2026
Wells Fargo Overweight OverweightMaintainAug 5, 2026
B of A Securities Buy BuyMaintainJul 14, 2026
RBC Capital Outperform OutperformMaintainJul 9, 2026
Citigroup Buy BuyMaintainJul 9, 2026
Truist Securities Buy BuyMaintainApr 15, 2026
Deutsche Bank Buy HoldUpgradeApr 1, 2026
Mizuho Outperform OutperformMaintainFeb 4, 2026
Jefferies Buy BuyMaintainFeb 4, 2026
Barclays Equal Weight Equal WeightMaintainMay 14, 2025
Loop Capital Buy BuyMaintainMay 7, 2025
Morgan Stanley Overweight OverweightMaintainFeb 5, 2025
Baird Outperform OutperformMaintainFeb 5, 2025
Credit Suisse Neutral OutperformDowngradeSep 13, 2023
BMO Capital Outperform OutperformMaintainNov 10, 2022
Atlantic Equities Neutral OverweightDowngradeAug 5, 2022
Goldman Sachs Buy NeutralUpgradeMar 24, 2020
Bank of America Buy BuyMaintainNov 2, 2018
KeyBanc Sector Weight UnderweightUpgradeFeb 12, 2018
Vertical Research Buy HoldUpgradeDec 15, 2017
Macquarie Outperform NeutralUpgradeNov 10, 2015
Longbow Research Neutral BuyDowngradeDec 17, 2012
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Named analyst price targets

Upside is calculated against the persisted current price $58.46. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
UBSAnalyst unavailable$63$56.37 +7.8%Oct 5, 2026
Truist FinancialAnalyst unavailable$78$63.64 +33.4%Aug 5, 2026
Mizuho SecuritiesEdlain Rodriguez$72$63.75 +23.2%Aug 5, 2026
RBC CapitalAnalyst unavailable$77$60.29 +31.7%Jul 9, 2026
Raymond JamesMatt Roberts$73$64.03 +24.9%Apr 21, 2026
Truist FinancialAnalyst unavailable$75$63.26 +28.3%Feb 4, 2026
UBSAnalyst unavailable$66$63.26 +12.9%Feb 4, 2026
Morgan StanleyAnalyst unavailable$66$63.12 +12.9%Feb 4, 2026
Mizuho SecuritiesAnalyst unavailable$70$61.77 +19.7%Feb 4, 2026
Robert W. BairdGhansham Panjabi$75$62.75 +28.3%Feb 4, 2026
Wells FargoAnalyst unavailable$70$61.77 +19.7%Feb 4, 2026
RBC CapitalArun Viswanathan$67$56.03 +14.6%Jan 15, 2026
Morgan StanleyAnalyst unavailable$63$53.53 +7.8%Jan 8, 2026
Truist FinancialMichael Roxland$69$53.91 +18.0%Jan 6, 2026
Wells FargoAnalyst unavailable$60$53.91 +2.6%Jan 6, 2026
Wells FargoGabe Hajde$48$47.58 -17.9%Oct 15, 2025
Truist FinancialAnalyst unavailable$65$47.4 +11.2%Oct 13, 2025
UBSJoshua Spector$55$50.1 -5.9%Oct 6, 2025
Mizuho SecuritiesAnalyst unavailable$61$50.48 +4.3%Oct 3, 2025
Loop Capital MarketsAlton Stump$78$51.68 +33.4%May 7, 2025
UBSJoshua Spector$58$52.01 -0.8%Jan 10, 2025
RBC CapitalArun Viswanathan$75$67.29 +28.3%Oct 17, 2024
Morgan StanleyStefan Diaz$78$63.9 +33.4%Sep 4, 2024
Robert W. BairdGhansham Panjabi$70$62.2 +19.7%Aug 14, 2024
UBSJoshua Spector$56$62.3 -4.2%Jul 17, 2024
Truist FinancialMichael Roxland$76$61.58 +30.0%Jun 25, 2024
Wells FargoGabe Hajde$64$62.26 +9.5%Jun 20, 2024
Truist FinancialMichael Roxland$67$70.3 +14.6%Apr 29, 2024
JefferiesPhilip Ng$83$70.31 +42.0%Apr 29, 2024
BarclaysMichael Leithead$71$66.74 +21.5%Apr 4, 2024
CFRAMatthew Miller$78$67.84 +33.4%Apr 1, 2024
Morgan StanleyAngel Castillo$68$64.78 +16.3%Mar 18, 2024
RBC CapitalArun Viswanathan$74$61.88 +26.6%Feb 20, 2024
Mizuho SecuritiesChristopher Parkinson$59$55.06 +0.9%Aug 18, 2023
Mizuho SecuritiesChristopher Parkinson$74$56.36 +26.6%Aug 5, 2022
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Company context

Snapshot as of publication

Ball Corporation serves as a global provider of aluminum packaging solutions for a broad spectrum of industries, including beverages, personal care items, and household goods. Its extensive reach covers the United States, Brazil, and numerous international markets. The company's operations are strategically divided into four primary business segments: Beverage Packaging for North and Central America; Beverage Packaging for Europe, the Middle East, and Africa; Beverage Packaging for South America; and its dedicated Aerospace division. Within its packaging enterprise, Ball is a key manufacturer and supplier of aluminum beverage containers, catering to producers of carbonated soft drinks, beer, energy drinks, and other liquid products. Its product line also encompasses extruded aluminum aerosol containers, innovative reclosable aluminum bottles, aluminum cups, and aluminum slugs. Beyond packaging, Ball Corporation maintains a substantial presence in the aerospace sector.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-04-22T00:02:47.536505+00:00
  3. Polygon adjusted daily market bars · 2026-10-09T18:50:43.016301+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T18:50:43.013632+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.